Summary

Superb opportunity to acquire this valuable parcel of industrial land on the edge of Magherafelt town and just off the Magherafelt bypass

Additional Information

LOCATION

Magherafelt is located northwest of Lough Neagh. It is also located some 37 miles northwest of Belfast and some 40 miles southeast of Derry/Londonderry, and thus benefits from its close proximity to the following locations:

Magherafelt town is the primary shopping and retail service centre for the district and its surrounding rural areas. It is located within close proximity to the key transport corridor between Belfast and Derry/Londonderry, in addition to being linked to Cookstown cia the A31. It has a multifunctional role, providing education, he lath, administrative, community and recreational facilities as well as being the focus of the area’s commercial activity.

DESCRIPTION

The lands are slightly irregular in shape, with a boundary to the Magherafelt District Council offices and residential properties to the north, Ballyronan Road to the west and adjoining agricultural lands to the south east. It is generally flat in its topography, but rises up gently towards the southern boundary. The maxmum impact capacity is 1500kVa on a T201 high voltage supply.

Planning & DevelopmentThe site has been designated as an area of existing industry and employment under the Magherafelt AreaPlan 2015. We kindly request that perspective purchasers make their own enquiries in relation to planning.

PriceOffers around £2.5 million exclusive.

RatesWe have been advised by Land and Property Services of the following:-Net Annual Value: £189,200Rate in £ 18/19: £0.5764Rates payable if applicable: £19,054.88We would advise prospective purchasers to make their own enquiries in relation to rates.

TitleWe are advised that title is held part freehold and part long leasehold. We are further advised that the partof the title that is held on a 999 year lease from 1 January 1986 is subject to an annual rent of £500 per annum payable. The long leasehold part of the site has a restriction on the use of the lands for residential purposes.

The title and contract are available for inspection by appointment only at the offces of the vendor’s solicitors. Their details are as follows: